NORMA Group on the capital market

• NORMA Group share ends 2021 stock market year down 19.1%

• Annual General Meeting approves dividend of EUR 0.70

• Investor Relations work captures first place in the SDAX and second place in the overall Investors’ Darling ranking

Indices worldwide end turbulent 2021 stock market year by posting new all-time highs

The 2021 stock market year presented a two-fold picture and in some cases caused surprises on the global stock markets. The ongoing pandemic remained one of the main influencing factors. Initial concerns in connection with the global lockdowns in the winter months were offset by a veritable stock market euphoria in the spring of 2021 with the start of global vaccination campaigns. Important impetus also came from the continuing expansionary monetary and fiscal policies of governments and central banks worldwide. As a result of the significant recovery in the economic environment, the majority of international stock indices posted gains. Global demand and world trade picked up noticeably. Nevertheless, the enormous upward trend and the rapid ramp-up of the economy put certain industries under severe pressure, which was exacerbated by the occurrence of further negative factors, including extreme weather events. In this context, a shortage of raw materials and supplies also became increasingly apparent, resulting in sharp price increases on the one hand and significant supply bottlenecks on the other. In particular, the worsening semiconductor shortage presented the automotive industry with special challenges in fiscal year 2021. Despite the distortions in the global supply chains, the material shortages that arose and the appearance of the new Omicron variant of the coronavirus, indices worldwide reached new record highs in some cases towards the end of the year. They nevertheless ended the 2021 stock market year by posting significant price gains in an environment characterized by uncertainties and in addition to very high global inflation.

The German stock market can also look back on a turbulent and equally successful year. The DAX, Germany’s leading index, which was expanded to comprise 40 companies in 2021, reached a new all-time high above the 16,000-point mark at the beginning of November 2021. It closed 2021 at a level of 15,885 points with an increase of 15.8% compared to the end of 2020. This was the ninth consecutive year of positive performance for Germany’s leading index. The MDAX also rose significantly by 14.1% to end December 2021 at 35,123 points. The SDAX, which also includes the NORMA Group share, stood at 16,415 points at the end of 2021. Compared to the year-end level in 2020, this equated to an increase of 11.2%.

Although the US indices suffered some sharp setbacks in fiscal year 2021, they nevertheless showed positive development overall. The Dow Jones index ended 2021 by posting a strong gain of 18.7%. The broader S&P500 Index rose by a total of 26.9% and reached a new record high. The MSCI World Automobiles Index, which is regarded as a trend indicator for the global automotive market, also recorded a significant increase, reaching 381 points at the end of December 2021 – an increase of 37.9% compared to the year-end level in 2020.

Performance of the NORMA Group share

The NORMA Group share started the new year on January 4, 2021, at a price of EUR 41.88 and initially showed a highly volatile sideways movement in the first quarter of 2021. Spurred on by the general brightening of the global economy, a noticeably positive trend then set in, similar to other stocks in the automotive sector. In this environment, the NORMA Group share reached its highest level of the year at EUR 49.36 on June 2, 2021. In the second half of 2021, the continued limited availability of materials and the increased raw material prices, as well as the distortions in the global supply chains and the coronavirus, had a particularly negative impact on global stock markets. In this context, a slight downward trend also emerged for the NORMA Group share, which resulted in a significant price loss in the wake of the profit warning on September 14, 2021, that had only partially been compensated for by the end of 2021. On December 20, 2021, the NORMA Group share reached its lowest level in the past stock market year at EUR 31.60 and ended a turbulent 2021 at a closing price of EUR 33.88, a 19.1% decline.

As of December 30, 2021, the market capitalization amounted to approximately EUR 1.08 billion (2020: EUR 1.33 billion) based on an unchanged number of shares of 31,862,400 compared to the previous year. Measured by the free float market capitalization relevant for determining index membership, which has been 100% since 2013, the NORMA Group share ranked 24th out of 70 in the SDAX at the end of December 2021 (December 2020: 12th out of 70 in the SDAX).

Trading volume decreased

The average daily Xetra trading volume of the NORMA Group share was 58,324 shares (2020: 88,689 shares). Thus, the average daily trading volume in terms of value (number of shares traded multiplied by the respective closing price of the day on which they were traded) of EUR 2.3 million was at the level of the previous year (2020: EUR 2.4 million).

The total number of shares traded on average per trading day in 2021 was 242,255 (2020: 266,646). Trading was distributed among the various trading venues as follows:

Voting rights notifications in 2021

Based on the voting rights notifications received by the end of 2021, shares of NORMA Group designated as free floating and exceeding 3% are held by the following institutional investors:

2021 Annual General Meeting

The Annual General Meeting of NORMA Group SE was held in Frankfurt/Main on May 20, 2021. Due to the COVID-19 pandemic, the Annual General Meeting was held for the second time in a row as a purely virtual event without shareholders or their proxies being physically present. Of the 31,862,400 shares with voting rights, a total of 18,931,496 shares and thus approximately 59% of the registered share capital of NORMA Group SE were represented. Thirty shareholders participated live in the virtual Annual General Meeting via the shareholder portal of NORMA Group SE. At the 2021 Annual General Meeting, the shareholders of NORMA Group discharged both the Supervisory Board and the Management Board by a clear majority. The proposal of the Supervisory Board and the Management Board to distribute a dividend of EUR 0.70 per share was approved by the Annual General Meeting by a majority of 99.79%. The total amount distributed thus amounted to around EUR 22.3 million (2020: EUR 1.3 million). This resulted in a payout ratio of 91.7% of the adjusted consolidated net income, which amounted to EUR 24.3 million in fiscal year 2020. NORMA Group thus compensated to some extent for the low dividend of the previous year, which was only distributed as a statutory minimum dividend of EUR 0.04 per share. Furthermore, the 2021 Annual General Meeting approved all other agenda items, which included the election of Miguel Ángel López Borrego as a member of the Supervisory Board, by a large majority.

All voting results can be found in the Investor Relations section of the NORMA Group website. www.NORMAGROUP.COM

Directors’ Dealings

Three transactions were reported as Directors’ Dealings in fiscal year 2021. These can be found in the CORPORATE GOVERNANCE REPORT.

Sustainable Investor Relations activities

NORMA Group’s Investor Relations activities seek to further increase awareness of the Company on the capital market, strengthen long-term confidence in its share and achieve a realistic and fair valuation of the Company. This implies commenting on the strategy of NORMA Group SE, the operational business development as well as the prospects of the Company. For this reason, the management and the Investor Relations officers hold discussions with institutional investors, financial analysts and private shareholders over the course of the year. The Company’s goal is to maintain constant, transparent and reliable communication with private and institutional investors as well as financial analysts.

The traditional communication formats include, on the one hand, legally required mandatory components such as quarterly reports, half-yearly and annual reports, investor presentations and announcements. In this way, the Company regularly informs its shareholders about the strategic and business development of the Group. On the other hand, NORMA Group’s Investor Relations team also focuses on continuously developing the digital communication formats and voluntary components of communication, such as the Online Annual Report, in line with the needs of the target audience.

The Management Board and the Investor Relations team conducted 16 mostly virtual roadshows with current and potential new investors in fiscal year 2021. NORMA Group was also represented at the following conferences:

• Baader Investment Conference, Munich

• Bank of America SMID Conference, virtual

• Commerzbank & ODDO BHF Corporate Conference, virtual

• Commerzbank German Investment Seminar, virtual

• dbAccess Conference, virtual

• DZ Bank Equity Conference, Frankfurt/Main, virtual

• Jefferies Pan-European Mid-Cap Conference, virtual

• Kepler Cheuvreux German Corporate Conference, virtual

• ODDO BHF Forum, virtual

• Quirin Champions Conference, virtual

Broadly diversified shareholder structure

NORMA Group’s share has gained international recognition in recent years through active IR work. As a result, the importance of foreign investors has also increased continuously. NORMA Group SE has a broadly diversified regional shareholder base with a high share of international investors, primarily from the UK, Germany, the USA, France and Scandinavia.

At the end of the current reporting year, 0.07% (2020: 0.06%) of the shares were held by the management (Management Board in its current composition). An additional 3.6% (2020: 4.0%) were held by private investors. The remaining share of around 96% was held by institutional investors. The number of private investors (excluding the Management Board in its current composition and the Supervisory Board) increased slightly during fiscal year 2021 and stood at 5,067 at the end of December 2021 (December 31, 2020: 5,019).

Analysts covering NORMA Group

A key element of IR work is the continuous and transparent dialogue with analysts, as already mentioned. As of December 31, 2021, NORMA Group was covered by 13 analysts from various banks and research companies. Of these, eight analysts recommended buying the share and five recommended holding the share, as of December 31, 2021. The average target price at the end of December 2021 was EUR 43.46 (2020: EUR 32.15).

NORMA Group’s Investor Relations work receives another award

NORMA Group’s IR activities were once again recognized in fiscal year 2021. The Company ranked first out of 70 in the SDAX segment in the “Investors’ Darling” competition and second overall among all DAX, MDAX and SDAX members. The quality of NORMA Group’s Annual Report and investor presentation, as well as the digital formats, were particularly highlighted. The latter includes, in particular, the Online Annual Report, which was expanded in 2020 and 2021 to include further addressee-oriented content. NORMA Group’s Annual Report and Online Annual Report were also awarded “GOLD” in the FOX Finance Awards.

Key issues in capital market communications

The main content points of the capital market communication from NORMA Group’s point of view were the pandemic and its effects, particularly as they relate to the challenges within global supply chains. Among other topics, these are related to the challenges within the global supply chains. Other important communicative topics resulting from this were the sharp increase in raw material and freight costs due to the limited availability of materials and freight capacities as well as the volatile ordering behavior of customers. In contrast, there were equally positive developments to report relating to the increasing growth of the Group and rising end-customer demand.

Service for shareholders

The Investor Relations website contains extensive information on NORMA Group and the NORMA Group share. In addition to financial reports and presentations, which are available for download, all important financial market dates can be found there. The conference calls on the Quarterly and Annual Reports are recorded and offered in audio format. Shareholders and interested parties can register for the mailing list by e-mail. The contact details of the IR team are also available on the Company’s website. WWW.NORMAGROUP.COM